It seems as though there is a renewed interest in buying precious metals, especially after the 2008 economic collapse. When paper currencies fail, gold tends to hold its value. This is why we believe that a Gold IRA is a good investment. In your opinion, it is an opportune way to protect your earnings and save for the future.

Global currencies, including the United States dollar, are working hard to stay afloat. The stock market is unpredictable.

Precious metals have been used as currency since the beginning of time.

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The truth is, retirement will come much sooner than you think, and the big question once you get there is HOW PREPARED ARE YOU?

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The Custodian: How it Works

Step 1

If you don’t have an IRA account, you’ll need to set one up, or contact your current custodian. Ask the custodian if gold or other metals can be added to your portfolio. Be sure to discuss this decision with your financial advisor, who is knowledgeable and abreast of the latest information and regulations.

Step 2

If the current custodian doesn’t handle this type of transaction, there are plenty of other custodians who can. The types of precious metals allowed in your retirement account must meet certain standards, so be sure to ask what your options are. It’s also important to ask about fees the custodian may charge.

Step 3

You’ll need to decide how much of your portfolio to invest in precious metals, and what types of precious metals you would like to invest in. The custodian will have you fill out paperwork giving them permission to rollover any existing assets into a precious metals account. If you are opening up a new account, then you’ll need to let the custodian know how you intend to fund the account.

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What Is Gold IRA Investing?

It is never too early to start thinking about a solid retirement fund. With IRA investing, you can increase the value of your money over time and get tax deductions on it. There are rules and limits on what you can own in an IRA. Precious metals, especially gold, are becoming more popular IRA investments.

With a self-directed IRA, you can fund your account with a time-tested and stable currency, gold. With gold IRA investing, there are certain limits on what type of gold you can use to fund your IRA. There are many firms that will help you with the process of buying gold for your IRA, and Augusta Precious Metals is very successful at helping its customers invest in gold.

Why Gold?

The state of the economy has shaken many people’s confidence in the dollar as a long-term currency. Gold has long held its value and has been around for centuries. We believe that gold is a very stable currency with long-term growth potential. In our opinion, gold is one of the best possible investments to make in an uncertain economy.

To invest in physical gold within an IRA, you will need a self-directed IRA. A self-directed IRA allows the account owner to make a wide range of investments, including investments in precious metals.

Ask about our Augusta Gold IRA, and be sure to ask about our current bonus offers for gold IRA rollovers!

Augusta does not provide legal, tax, or investment advice. The Augusta® Depository Gold IRA is a self-directed IRA containing physical precious metals administered by a third-party custodian and stored in a non-government depository storage facility where investors can make an appointment to see their precious metals. The Augusta® Home Delivery Gold IRA is a self-directed physical precious metals IRA delivered to your home. Some investors choose to store IRS-approved American Eagle gold or silver in an IRA in their homes. However, it is wiser to store all metals in a safe deposit box at a U.S. bank. If investors sidestep rules or mishandle account assets (e.g., setting up the IRA improperly, engaging in a prohibited transaction, such as withdrawing metals before retirement to use for any other purpose, etc.), or if it is determined that home delivery or home or bank safe deposit box storage are not permitted by the IRS, the investor could lose tax-exempt status and have to pay taxes and penalties. There is no clear IRS guidance on the legality of the home delivery IRA structure or home or safe deposit box storage, and the IRS is under no obligation to issue guidance on whether home or bank safe deposit storage satisfies IRS requirements and may, at any time, audit an IRA, declare that home or bank safe deposit box storage does not satisfy IRS requirements, and impose taxes and penalties on the IRA owner. It is important to consult your own legal and financial advisors before opening a home delivery IRA from Augusta, and then work with your advisors to decide where to store your precious metals. As with any investment, past performance might not predict future returns. The price of precious metals fluctuates over time and investors might lose money.

Michael Dallo, CPA, JD, LL.M. is a tax attorney and certified public accountant (CPA) of Dallo Law Group, a Professional Corporation. For over 10 years, Michael has zealously represented hundreds of clients in resolving tax disputes with the Internal Revenue Service and California taxing agencies, as well as developing sound tax positions and arguments to minimize their federal and state tax liability.